Hines' comprehensive 2020 ESG report showcases commitment to responsible investing
Hines, the international real estate firm, has released its annual ESG report, which provides a detailed review of the company's Environmental, Social and Governance (ESG) platform, framework and performance, compiled in accordance with the Global Reporting Initiative (GRI).
“As a firm, we have worked hard to build upon my father’s legacy and further our commitment to being a sustainable, resilient company,” says Hines Chairman and CEO Jeff Hines. “Meeting our ambitious ESG targets will play a critical role in the years ahead, as we continue to strive to be the best real estate investor, partner and manager in the world.”
The 2020 report details the efforts and strides the firm has made on ESG across our global operations. A key driver in these efforts was to form an ESG Working Group comprised of three subgroups spanning our real estate portfolio, corporate social responsibility efforts, and investment processes and products. This diverse team collaborated throughout the year to identify ESG priorities for Hines and create a plan for our path forward to accelerate our activities to address the urgent ESG topics in the built environment and build on the momentum we have created. As this report was being drafted, we established an ESG Senior Leadership Council to be led by our newly appointed, Global Head of ESG, Peter Epping. The council includes Hines’ Global Head of Management Services, Global Sustainability Officer, Chief People Officer and Chief Legal Officer.
Global Head of ESG Peter Epping says: “Our firm-wide commitment to ESG starts with our executive leadership and our strategy will embed ESG excellence across the company and address the urgent global challenges through our impact on the built environment —from our people practices, to our investment approach, to construction, management, and operations in our global regions.”